Toronto-Dominion Bank (TD) Price Target Increased to C$79.00 by Analysts at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by CIBC from C$73.00 to C$79.00 in a research note released on Monday morning.

Other equities analysts have also recently issued reports about the company. Scotiabank increased their price target on Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an outperform rating in a report on Monday, August 21st. Keefe, Bruyette & Woods increased their price target on Toronto-Dominion Bank from C$68.00 to C$70.00 in a report on Friday, September 1st. Canaccord Genuity increased their price target on Toronto-Dominion Bank from C$74.00 to C$78.00 in a report on Wednesday, November 1st. TD Securities increased their price target on Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a buy rating in a report on Friday, September 1st. Finally, National Bank Financial upgraded Toronto-Dominion Bank from a sector perform rating to an outperform rating and increased their price target for the stock from C$69.00 to C$74.00 in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Toronto-Dominion Bank currently has a consensus rating of Buy and a consensus price target of C$73.77.

Toronto-Dominion Bank (TSE:TD) traded up C$0.08 during trading on Monday, hitting C$72.89. The company’s stock had a trading volume of 1,710,793 shares, compared to its average volume of 3,695,997. Toronto-Dominion Bank has a 52-week low of C$61.50 and a 52-week high of C$73.69.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a $0.60 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 5th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 43.56%.

In related news, insider Theresa Lynn Currie sold 2,128 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total value of C$142,278.08.

About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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